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The\u00a0<\/strong>Commission today presented a new set of measures that should enable Europe’s businesses to spend\u00a0less time\u00a0<\/strong>on administrative work\u00a0<\/strong>and compliance<\/strong> and more<\/strong> on innovating<\/strong> and scaling up<\/strong>. It opens opportunities for European companies to grow and lead in technology, while upholding Europe’s highest standards of fundamental rights, data protection, safety, and fairness.\u00a0<\/p>\n The measures could save businesses up to\u20ac5 billion<\/strong> in administrative costs by 2029<\/strong>. Additionally, the European Business Wallets could unlock another \u20ac150 billion<\/strong> in savings each year. \u00a0<\/p>\n Digital simplification<\/p>\n The new digital omnibus aims to simplify existing rules<\/strong> on artificial intelligence (AI), cybersecurity, and data.<\/p>\n Innovation-friendly AI rules<\/p>\n Efficient implementation of the\u00a0AI Act<\/a>\u00a0will benefit society, safety and fundamental rights. However, it requires clear guidance and support<\/strong>. Companies will only have to apply the rules for high-risk AI systems once the necessary support tools and standards are in place. This gives them up to 16 months to comply. This initiative also proposes targeted amendments to the AI Act, including simpler rules<\/strong>, opportunities for real-world testing<\/strong> and centralised oversight<\/strong> of AI systems.<\/p>\n Simplifying cybersecurity reporting<\/p>\n Currently, companies must report cybersecurity incidents under several different laws. The package introduces a single-entry point<\/strong> where companies can meet all incident-reporting obligations.<\/p>\n Additionally, to boost innovation and support compliance, targeted amendments to the General Data Protection Regulation (GDPR)<\/strong> will harmonise, clarify and simplify certain rules, without lowering data protection standards. Modernised cookie rules<\/strong> will improve users\u2019 experience online.<\/p>\n Improving access to data<\/p>\n Data rules would become simpler and practical for consumers and businesses by<\/p>\n Data union strategy<\/p>\n The new data union strategy<\/a> outlines additional measures to unlock high-quality data for AI<\/strong>. This includes<\/p>\n European Business Wallet<\/p>\n The European Business Wallets<\/a> aim to reduce administrative processes and costs.<\/strong> They will allow companies to digitalise operations and interactions, so they won\u2019t need to be done in person. Businesses will be able to<\/p>\n The digital omnibus legislative proposals will now be submitted to the European Parliament and the Council for adoption. Additionally, a digital fitness check<\/a> was also launched, comprising a wide public consultation.<\/p>\n This set of measures is referred to as the seventh omnibus. The Commission is working to\u00a0simplify EU rules<\/a>\u00a0to make the EU economy more competitive and prosperous. It aims to reduce administrative burdens by at least 25%<\/strong>, and 35% for SMEs<\/strong>, by the end of 2029<\/strong>.<\/p>\n \u00a0<\/p>\n For more information<\/strong><\/p>\n Press release<\/a><\/p>\n Questions and answers – digital package<\/a><\/p>\n Factsheet \u2013 digital package<\/a><\/p>\n Factsheet \u2013 European Business Wallet<\/a><\/p>\n Fact page \u2013 data union<\/a><\/p>\n Digital omnibus on AI (Regulation)<\/a><\/p>\n European Business Wallet (Regulation)<\/a><\/p>\n Data Union Strategy (Communication)<\/a><\/p>\n\n
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